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ABC Business News

Veganuary is over, but this is how you can keep shopping sustainably
Andreas Rentz/Getty Images for Marc Cain (NEW YORK) — Veganuary is over, but that doesn’t mean your sustainable fashion journey has to be. The Veganuary challenge was created by a UK nonprofit of the same [Read More…]

‘Out of control’: Buyers paying thousands over sticker price for new cars
KIA (NEW YORK) — Looking to buy a new Kia Telluride sport utility vehicle? Expect to pay $48,509 — more than $3,700 above the manufacturer’s suggested retail price. Luxury SUVs like the Range Rover ($117,890) [Read More…]

How the metaverse could impact the world and the future of technology
Jakub Porzycki/NurPhoto via Getty Images (NEW YORK) — Facebook’s announcement in October that it was further embracing the metaverse and rebranding itself as Meta set off a firestorm. While experts say the metaverse is still [Read More…]

What to expect from more grocery store price hikes, products impacted
Mario Tama/Getty Images (NEW YORK) — Prices have continued to climb from the grocery store to the gas station amid the pandemic. According to a new report, the prices of some foods and household staples [Read More…]

Commission approves new safety standards for crib mattresses
Kyryl Gorlov / EyeEm/Getty Images (NEW YORK) — After 139 child deaths since 2010, new safety standards for crib mattresses will go into effect this fall. The Consumer Product Safety Commission approved a new rule [Read More…]

Commission approves new safety standards for crib mattresses
Kyryl Gorlov / EyeEm/Getty Images (NEW YORK) — After 139 child deaths since 2010, new safety standards for crib mattresses will go into effect this fall. The Consumer Product Safety Commission approved a new rule [Read More…]

Black-owned autonomous grocery store opens in Georgia
Nourish + Bloom Market (FAYETTEVILLE, Ga.) — When Jilea Hemmings’ oldest son was diagnosed with autism, she and her husband, Jamie, started experimenting with food that seemed to help improve their child’s performance. The Georgia [Read More…]

Why the global chip shortage threatens the economy, national security and Americans’ ‘status quo’
Krisztian Bocsi/Bloomberg via Getty Images (NEW YORK) — In an increasingly digitized world, almost no industry has been left unscathed by the global shortage of electronic chips. Demand for these dime-sized building blocks needed to [Read More…]

Bitcoin operation ignites debate around the waste from coal mining in Pennsylvania
ABC News (PITTSBURGH) — A once-dormant power plant is humming with activity outside Pittsburgh as thousands of miners work 24 hours a day. The miners at this site aren’t people, but supercomputers running complex math [Read More…]

Tesla files countersuit against JPMorgan, accuses bank of ‘illegitimate machinations’
iStock/jetcityimage (NEW YORK) — Tesla filed a counterclaim against JPMorgan Chase Monday, the latest salvo in an ongoing battle between the electric automaker and the country’s biggest bank. The lawsuit accused JPMorgan of filing “cynical [Read More…]

Intel investing $20 billion to bring chip manufacturing to Ohio amid global shortage
iStock (NEW YORK) — Amid a global chip shortage that has been exacerbated by the COVID-19 pandemic, Intel announced Friday that it will invest more than $20 billion in two new chip factories in Ohio. [Read More…]

Instagram testing feature that lets creators charge subscription fees
Rafael Henrique/SOPA Images/LightRocket via Getty Images (NEW YORK) — A small handful of Instagram content creators can now directly charge followers a monthly subscription fee for exclusive content and benefits in the latest shakeup to [Read More…]

Amazon announces its 1st clothing store: here’s what to know
Chris Ratcliff/Bloomberg via Getty Images (LOS ANGELES) — Amazon has expanded in many ways throughout the years, and now the e-commerce giant is launching a brick-and-mortar clothing store. The company announced Thursday that its Amazon [Read More…]

FBI warns criminals are using fake QR codes to scam users
Alexander Spatari/Getty Images (WASHINGTON) — Cybercriminals could use altered Quick Response (QR) codes to steal personal and financial information of unsuspecting customers, the FBI warns. QR codes are all around us these days, and they’re [Read More…]

Jan. 6 committee asks Ivanka Trump for cooperation, testimony
Elijah Nouvelage/Getty Images (WASHINGTON) — The House select committee investigating the Capitol attack requested on Thursday that Ivanka Trump cooperate with its investigation and asked her to testify regarding conversations with her father, former President [Read More…]

Experts slam oil giant Exxon Mobil’s net-zero ‘ambition’
Lao Chengyue/Xinhua via Getty Images (NEW YORK) — Exxon Mobil Corp. announced on Tuesday an “ambition” to reach net-zero greenhouse gas emissions in its operations in the next three decades, but fell short of making [Read More…]

‘Significant evidence’ of alleged fraud in Trump business investigation, NY AG says
Mark Wilson/Getty Images (NEW YORK) — New York Attorney General Letitia James said that her office has uncovered “significant evidence” of fraud in her civil investigation of former President Donald Trump and the Trump Organization. [Read More…]

Verizon, AT&T delay 5G rollout around some airports after stark warnings from US airlines
Joan Cros/NurPhoto via Getty Images (WASHINGTON) — A showdown between the nation’s major airlines, the FAA and AT&T and Verizon appears to be cooling after both telecom giants agreed at the last minute to pause [Read More…]

Microsoft to acquire gaming giant Activision Blizzard for $68.7 billion
Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images (NEW YORK) — Microsoft Corp. announced plans on Tuesday to acquire gaming giant Activision Blizzard Inc., the maker of immensely popular franchises including “Call of Duty” and [Read More…]

Small yield of Florida oranges could mean higher juice prices
Matt Stroshane/Getty Images (WASHINGTON) — It’s peak citrus season in the U.S., but Florida orange groves had a bitter yield of the beloved sweet and tart winter fruit. The U.S. Department of Agriculture reported that [Read More…]